Trading floor of NGX
NGX: Investors record N280.62bn loss as ASI depreciates by -1.12%
Equities market closed on a negative note, as NGXASI nose-dived by -1.12% to close at 46,009.23 basis points as against +1.29% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +7.71%.
Market breadth closed positive as GUINNESS led 26 Gainers as against 18 Losers topped by NEM at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -15.06% as against +32.82% uptick recorded in the previous session. UPDCREIT, COURTVILLE and TRANSCORP were the most active to boost market turnover. MTNN and GTCO topped market value list.
UPL leads the list of active stocks that recorded impressive volume spike at the end of today’s session.
At the end of today’s trading session on the NGX, a total of 279,441,158 shares in 4,582 deals, corresponding to a market value of NGN 2,763,210,889.71, were traded. Compared with the previous NGX trading day (Wednesday, January 26), today’s data shows 15% decline in volume, 43% decline in turnover, but 9% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 24.8 trillion.
In the aggregate, 111 NGX equities participated in trading, ending with 26 gainers and 18 losers. Guinness Nigeria led the gainers with 10% share price appreciation closing at NGN 46.75 per share, followed by International Breweries (+10%), Ecobank Transnational (+9.63%) and Prestige Assurance Company (+9.52%). On the losing side, N.E.M. Insurance Company came out last with an end-of-day price depreciation of 8.57% at NGN 3.20 per share, followed by Dangote Cement (-8.53%), Aiico Insurance (-5%) and Ardova (-4.96%). UPDC Real Estate Investment Trust recorded the highest volume of 46.4 million traded shares, followed by Courteville Business Solutions (36.1m), Transcorp Nigeria (16.9m) and Guaranty Trust Holding (16m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) declined 520.76 (-1.12%) points to close at 46,009.23, representing a 1-week gain of 0.26%, a 4-week gain of 10.05%, and an overall year-to-date gain of 7.71%. Other remarkable indices that performed were the NGX Top 30 Index (-0.97%; -1.43% 1WK; +1.17% YTD), NGX Top 50 Index (-1.68%; -1.84% 1WK; +0.28% YTD), NGX Premium Index (-3.58%; -3.54% 1WK; +0.54% YTD), NGX Consumer Goods Index (+1.77%; +1.55% 1WK; -3.04% YTD), NGX Banking Index (+1.08%; +2.37% 1WK; +5.78% YTD), and NGX ASeM Index (+0%).
